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Private Sector Perspectives on Federal Financial Systems Modernization and Shared Services

Private Sector Perspectives on Federal Financial Systems Modernization and Shared Services. The mission of the CPAG is to bring industry and government executives together to: E xchange information S upport professional development I mprove communications and understanding

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Private Sector Perspectives on Federal Financial Systems Modernization and Shared Services

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  1. Private Sector Perspectives on Federal Financial Systems Modernization and Shared Services

  2. The mission of the CPAG is to bring industry and government executives together to: Exchange information Support professional development Improve communications and understanding Solve issues and build partnership and trust Thereby enhancing AGA's focus on advancing government accountability. The AGA Corporate Partners Advisory Group (CPAG) Mission Statement

  3. AGA Corporate Partners are a network of: Public accounting firms Major system integrators IT companies Management consulting firms Financial services organizations Education & training companies Who Are CPAG Members

  4. We have provided thought leadership and commercial best practices for 10 years We have developed a good working relationship with OMB and Treasury for the past 4 years Our members have provided constructive input and feedback on policy development The FSS is our way of annually reviewing the status of policies and programs We will establish a standing CPAG committee to follow-up on FSS identified issues and challenges How Has AGA CPAG Been Involved in the Federal Financial Systems

  5. OMB's commitment to the Shared Services policy Treasury's leadership and management of the program implementation Budget resources to fund the FSSPs and agency system migrations and operations The roadmap and timeline for Financial Management (FM) System Modernization Market changes to the acquisition of FM products and services Investments by companies in product and service offerings What are the Private Sector Issues and Concerns With the New Directions

  6. Continue the dialogue with OMB and Treasury on Government-wide policies and initiatives Provide business operations and advisory services to the Federal FSSPs and COEs Provide systems integration and implementation services to the Federal FSSPs on Agency ERP migrations Provide Federal Agencies with transition advisory services, program management, financial operations support How Can the Private Sector Support Financial Systems Modernization

  7. Strategy & Performance Management Budget Formulation & Execution Cost Management & Pricing Business Development & Marketing Customer Service & Support Workplace Management & Augmentation Financial & Operational Auditing What are the Needs of FSSPs Moving Forward That Provide Opportunities for the Private Sector • Systems Migration Planning • Systems Integration & Management • Application Hosting & Support • Transaction Processing & Reporting Services • Technology Infrastructure & Support • System Controls & Security • Systems Operations & Maintenance

  8. Strategy & Planning Capital & Operating Budgeting Market & Alternatives Analysis Proposal & Pricing Reviews Governance & Inter-Agency Agreements Auditing & Management Assessments What are the Federal Agency Systems Migration and Operational Needs & Opportunities for the Private Sector • Program & Performance Management • Workforce & Business Process Change • Data & Systems Migration • Business Intelligence & Analytics • Transaction Processing & Operational Support • Internal Controls & Security

  9. Enterprise Resource Planning (ERP) Systems Transaction Processing Applications Cloud Computing Big Data Cybersecurity Mobility What are the Products and Services in Key Technology Areas That Will Enable Modernization

  10. Fine-tune their business models to adapt and support Federal needs at all levels Review their product and service pricing approach based on market changes Continue to bring Commercial best practices to the Federal marketplace Develop new and creative solutions for financial management functions and related application systems Provide innovative and proven new technologies to modernize Federal systems What Does the Private Sector Need to Do Moving Forward to Realize Federal Market Opportunities

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